Nicaragua Increases Minimum Wage

On September 1, the 4.1% rise in the minimum wage for workers in nine of the ten sectors established by law will come into force.

The 4.125% increase is part of the 8.25% adjustment approved jointly by the private sector, government and unions in February, agreed that the adjustment would be made in two parts, at the beginning of each semester.

Elnuevodiario.com.ni reports that “…The tenth sector covered by this Law is the industry subject to the free zone regime, but this is negotiated individually and its increases are over longer periods and it will be applied at the beginning of each year.

The new salaries for the nine sectors that will have adjustments:

3,773.82 cordobas a month – minimum wage for the agricultural sector.

5,738.20 córdobas a month – minimum wage in the fishing sector.

6,777.61 cordobas a month – salary for workers in the mines and quarries sector.